Duplex with Detached
For Sale
$170,000
1522 Hughitt Ave, Superior, WI 54880
The two apartments offer one- and two-bedroom layouts, with leases extending into 2027.
Property Size2,024 SF
Days on Market11
Property Features for 1522 Hughitt Ave
General Information
Standard status
Active
Size
2,024 SF
Total Parking Spaces
1
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$23,100
Taxes and HOA fees
Annual Taxes
$2,379
Building Details
Building Size
2,024 SF
Year Built
1906
Buildings
1
Listing Agency:
RE/MAX Results
Listed By:
Jordan DeCaro · License #40286367|WI79981-94
(218) 428-0861
Source:
Visionsfirstrealty
Added: Oct 14
Changed: Oct 24
Last Checked: Oct 24 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
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Investment Insights
Based on property information with market context.
Built in 1906, this up-and-down duplex contains a one-bedroom, one-bath lower apartment and a two-bedroom, one-bath upper apartment. Both units are leased into 2027, and existing leases must be honored. Interior details include hardwood flooring and original woodwork; building features include hot water heat and a full basement. A detached one-car garage is also included.
The owner pays electric, gas, water, and sewer, while tenants cover garbage. Utility responsibilities may be revisited at lease renewal.
The owner pays electric, gas, water, and sewer, while tenants cover garbage. Utility responsibilities may be revisited at lease renewal.
Key Highlights
- Two apartments: a lower 1‑bedroom, 1‑bath unit and an upper 2‑bedroom, 1‑bath unit
- Both leases extend into 2027 and must be honored
- Built in 1906; features hardwood floors and original woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,848
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,960
$297.0K
Cap Rate 7%
$212,114
$212.1K
Cap Rate 9%
$164,978
$165.0K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$28.4K $14.04/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$27.0K $13.34/SF
− OpEx
−$12.1K −$6.00/SF
NOI
$14.8K $7.34/SF
Area
Douglas County, WI
Vacancy
5.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,960
Cap Rate 7%
$212,114
Cap Rate 9%
$164,978
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.2K
NOI $16,870 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$212.1K
$185.6K – $247.5K
NOI $14,848 @ 7.0% cap · market cap 8.73%
Theoretical Best
Specialty Retail
$638.2K
$558.4K – $744.5K
NOI $44,671 @ 7.0% cap · market cap 26.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
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Business Placement
Demographics for 54880, WI
30,400
Population
14,325
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
166.1 sq mi
ZIP Area
183
Density / Sq Mi
$66,942
Median Household Income
$40,813
Median Earnings
$901
Median Rent
$176,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two apartments offer one- and two-bedroom layouts, with leases extending into 2027.
Where is this duplex located?
The property is located at 1522 Hughitt Ave Superior, WI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two apartments: a lower 1‑bedroom, 1‑bath unit and an upper 2‑bedroom, 1‑bath unit; Both leases extend into 2027 and must be honored; Built in 1906; features hardwood floors and original woodwork
